sky trust

sky trust
 n.— «Carbon capping comes in three varieties: cap-and-trade, cap-and-auction, and cap-and-recycle.…In cap-and-recycle, permits are also sold, not given away free. However, the revenue doesn’t go to the government—it goes to all of us, one person, one share. The model here is the Alaska Permanent Fund, which pays equal dividends to all Alaskans from state oil income. This kind of cap is sometimes called a sky trust.» —“Carbon Capping: Let’s Do it Right!” by Peter Barnes Step It Up Sept. 11, 2007. (source: Double-Tongued Dictionary)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

Why Can’t You Trust Atoms?

Why can’t you trust atoms? Prepare for a punny answer. This is part of a complete episode. Transcript of “Why Can’t You Trust Atoms?” Hey Grant, why can’t you trust atoms? This is a pun. What? How dare I? Why...

Luscious Eclipse Description

For a luscious description of exactly what you will see during a total solar eclipse, check out Dan McGlaun’s site, Eclipse 2017. This is part of a complete episode. Transcript of “Luscious Eclipse Description” We were talking...

Recent posts